Mujeres Valientes Group
Jesula is 29 years old; her husband is 30. They have two girls, 11 and 12 years old. Jesula runs a business selling clothes and shoes. She usually buys her merchandise in Santiago and resells for a profit in Cabarete, which is a tourist destination. Her customers are from Haiti and the Dominican Republic. She does not sell to tourists because because she does not speak English.
Jesula has repaid two loans from Esperanza. This will be her third loan. These loans made it possible for Jesula to start her business. She used her first loan to stock clothing. With the second loan, she branched out into shoes and expanded her clothing inventory. She plans to use the third loan to diversify her business further by stocking perfume and soap as well.
In her spare time Jesula likes to read the Bible, and also books on child rearing and running a household. Her dream is to have her own shop in the center of Cabarete, where she could attract the tourist trade. Today she lives in a rented house, and she hopes that one day she will be able to buy her own house. She also hopes that her children will have an opportunity to study at the university.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid